Should the index manage to strengthen the negative momentum, the next immediate support could come near the 23116 barrier
A break below this level would challenge the medium-term ascending trend line and if this line is penetrated, it would shift the bullish tendency to a more neutral one. The next level for investors to have in mind is the 22174 hurdle.
However, if prices hit the 23116 support and rebound on it, this would turn the risk to the upside again with the 24480 multi-year high coming into focus
A break below this level would challenge the medium-term ascending trend line and if this line is penetrated, it would shift the bullish tendency to a more neutral one. The next level for investors to have in mind is the 22174 hurdle.
However, if prices hit the 23116 support and rebound on it, this would turn the risk to the upside again with the 24480 multi-year high coming into focus